Investing in small-cap stocks has an inherent nature of being volatile and involves high risk. However, they generally tend to have a significant upside growth potential in a shorter time frame as the smaller companies have high growth potential.
Here are 5 small-cap stocks that delivered a multibagger return in the year 2022:
Baroda Rayon Corporation Limited
The shares of Baroda Rayon Corporation have zoomed from Rs 5.11 a piece on BSE in June 2022 up to the current levels of Rs 312 on Wednesday, logging a whopping 5,968 percent returns in just 7 months. The stock reached its 52-week high of Rs 501.30 in November 2022.
Baroda Rayon Corporation Ltd (BRCL) is a well-established and diversified company engaged in the manufacture of different types of rayon yarn and different types of nylon yarn.
The company reported a net profit of Rs 3.99 Crore in Q2FY23 as compared to Rs 10.36 Crore in the same period a year earlier all of which was earned through income from other sources. It has a market capitalization of Rs 723.54 Crore and the promoters of the company hold a 47.54 percent stake.
Ambar Protein Industries Limited
The shares have logged a multibagger return of 2,190 percent in 2022 as the share price has risen from the Rs 22.25 level in January 2022 to the current level of Rs 524. The stock reached a new 52-week high of Rs 843.50 in September 2022.
Ambar Protein Industries Ltd is engaged in the production and selling of edible oil under the brand name Ankur to the consumers of Gujarat. The company sells cottonseed oil along with sunflower oil, corn oil, and soybean oil.
In Q2FY23, their total revenue stood at Rs 75.77 Crore against Rs 72.52 Crore in the same period the previous year and a net profit of Rs 46 lakhs which declined from Rs 72 lakh Year on Year. The company has a market capitalization of Rs 301.47 Crore.
MK Proteins Limited
The shares of MK Proteins have delivered a multibagger return of 1,673 percent in 2022 as the price has risen from Rs 82 in January last year up to the current level of Rs 2,329. The stock rose to a 52-week high of Rs 2,350 in December last year.
M.K. Proteins Ltd. is presently engaged in manufacturing vegetable refined oils, with a refining capacity of 250 tons per day. We refine rice bran, sunflower, cotton seed, soya bean, palm, and canola oil.
In Q2FY23, the company reported a total revenue of Rs 139.50 Crore and a net profit of Rs 3.73 Crore. The company has a market capitalization of Rs 925 Crore and the promoters hold 74.82 percent.
NINtec Systems Limited
The shares of NINtec Systems have delivered a multibagger return of 1,174 percent in 2022 as the price has risen from Rs 19 in January last year up to the current level of Rs 244. The stock rose to a 52-week high of Rs 300 in December last year.
NINtec Systems is a global information technology service provider which ranges from Application Development & Maintenance, Strategic Offshore Software Product Development to Legacy System Development & Software Migration, and Search Engine Optimization. It serves 30 countries on 5 continents
The company earned a total revenue of Rs 12.96 Crore and a net profit of Rs 2.42 crore in Q2FY23. Their market capitalization is at Rs 252 Crore and the promoters hold a 47.24 percent stake.
IFL Enterprises Limited
The shares of the company zoomed from Rs 11 a piece in January 2022 up to Rs 141.50 thereby delivering a multibagger return of 1,095 percent return in a year. The share scaled up to its 52-week high of Rs 145.50 in the period.
IFL Enterprises Limited is involved in the business of acquisition, and trading of shares, stocks, bonds, etc. . It also carries on the business of all kinds of fabrics and other similar products.
In the second quarter of FY23, the company reported a total revenue of Rs 1.74 Crore and a net profit of Rs 24 lakhs. The company has a market capitalization of Rs 258 Crore with a very low promoter holding of 1.21 percent.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
